Essar Shipping today reported a consolidated net loss of Rs 35.99 crore for the quarter ended September 30, 2012, largely due to increased finance costs and a forex loss of Rs 50.20 crore.
International Tobacco Growers Association said this was to reduce cigarette production and thereby increase nicotine patch sales which is used to help people quit smoking.
Corporation Bank has said that its loan exposure to the financially troubled Kingfisher Airline was about Rs 160 crore and it is hopeful of the recovery.
Wipro Technologies today said it is working on emerging markets in Asia, Africa and Latin America to grow its sophisticated IT systems for banking services.
India Cements today said its net profit dropped by 29.5 percent to Rs 49.08 crore in July-September quarter due to rise in power tariffs and freight rates.
The company said domestic revenues grew by 13.5 percent to Rs 962 crore during the second quarter.
At present, there are various norms issued by the DPE on investment of excess funds available with such PSUs.
The tie-up comes on the heels of ONGC's recent alliances this year with global majors like US-based ConocoPhillips, China's CNPC and Colombia's Ecopetrol SA.
Racing against the month-end deadline to ink the fuel supply pacts, Coal India (CIL) has shot off reminder letters to the state governments seeking their views on price-pooling mechanism.
L&T's buildings arm has also won an order worth Rs 644 crore from IIIT Hyderabad. The Delhi Metro order will be executed as a joint venture with Shanghai Urban Construction Group.
India's power sector regulator CERC today suggested establishing a South Asian power trading market to help ease acute electricity shortages facing many nations in the region.
Hero Cycles today said it plans to open 30 company-owned retail outlets across 25 cities within one year.
State-run Coal India has said it plans to double its production capacity in Chhattisgarh to 220 million tonnes by 2017.
The Chennai-Bhubaneswar-Chennai flight number 537 and Bhubaneswar-Kolkata-Bhubaneswar flight number 770 stand withdrawn with effect from 5 November
Despite making landmark advances, the Indian software industry has failed to support the growth of its own inventions, Infosys founder Narayana Murthy said today, asking students to reinvent their idea of education to end this anomaly.
According to PETA, several major airlines have full or partial policies against transporting animals for experimentation.
The company also plans to invest 60 million euros in its India business next year on localisation of components and to boost export potential from the country
The public sector telecom company had provided technical support for the three-day event, which had started on 28 October.
Non-banking finance company Sundaram Finance has reported a 22.8 percent jump in net profits at Rs 111.49 crore for the second quarter ended September 30.
GAIL India, the nation's biggest gas firm, today reported a 10 percent drop in its second-quarter net profit after a steep rise in its LPG subsidy outgo.
Punjab National Bank today reported a 11.6 percent drop in net profit to Rs 1,065 crore on account of higher provisioning for bad loans in the September quarter.
FMCG firm Dabur India today said its consolidated net profit rose by 16.39 percent to Rs 202.37 crore for the second quarter ended September 30.
Aluminium giant Nalco today reported a 96.5 percent drop in its net profit at Rs 4.78 crore for the quarter ended September 30, due to increase in power and fuel cost and lower sales.
Honda Cars India, which today shipped the first lot of 390 units of its locally-made hatchback Brio to South Africa, said it may make the Noida facility as an export hub for some of the models.
As part of measures to expand its presence in North American and European markets, IT major Cognizant would initially invest $25 million to open additional data centres, the company said today.
Drug firm Lupin today said it has received final approval from the US health regulator to market its generic Levonorgestrel and Ethinyl Estradiol combined oral contraceptive tablets.
Oriental Bank of Commerce today reported 80 percent jump in net profit at Rs 302.19 crore for the second quarter ended September 2012.
Spread across an area of 18,000 sq ft, the new facility would increase Capgemini's BPO strength in India where more than 6,500 full time staff are now employed.
Drug firm Lupin today said its consolidated net profit rose by 8.84 percent to Rs 290.5 crore for the second quarter ended September 30, 2012, on the back of robust sales across the US, India and Japan markets.